No 1 source of global mining news and opinion
Iron ore extended a rebound with China’s massive inventories of the steelmaking staple continuing to drop, a tentative sign that a period of severe oversupply is starting to ease.
The broader outlook for China’s steel sector remains highly uncertain, however, due to a beleaguered property sector and a government-led shift to new growth sectors. Traders are monitoring whether steel production starts to pick up again after recent declines, as July and August are typically the weakest season for steel production.
Output at blast furnaces “has shown signs of bottoming out recently,” but iron ore inventories remain relatively high, Huatai Futures Co. said in a note.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Isaiah Likely, Kyle Hamilton Battling at Baltimore Ravens CampIron is sharpening iron for the Baltimore Ravens.
Read more »
Alan Jackson’s farewell tour starts Friday (8/2): Where to buy tickets under $100The first concert in his almost yearlong farewell tour is on Aug. 2 in Boston, Massachusetts.
Read more »
'Cash Not Drugs' program would give San Francisco residents up to $100 weekly for staying cleanEligible San Franciscans could soon receive payments of up to $100 per week for abstaining from illicit drugs under a proposed 'Cash Not Drugs' legislation.
Read more »
For extremely limited time, save $100 on the Marshall Acton II Bluetooth speaker and enjoy sound ...Preslav Mladenov is a News and Affiliate Content Writer at PhoneArena who started on his tech journalism journey in December 2021.
Read more »
Undocumented immigrants in US pay nearly $100 billion in taxesOne of the most common arguments for curtailing immigration is the cost borne by the US government. But undocumented immigrants pay more than a quarter, about 26%, of their income in taxes.
Read more »
The 12 Best Home Office Chairs Under $100 That Are Actually ComfortableRegardless of your home office style, we've found the best office chairs to fit your style and budget.
Read more »